Job Description
Financial Controller will manage hotel financial operations, including accounting, budgeting, forecasting, and financial analysis. They ensure timely and accurate financial reports, maintain financial controls, and comply with local laws and regulations. The FC works closely with department heads to align financial performance with operational goals.
Key responsibilities include:
* Financial Reporting & Analysis:
* Prepare and present accurate and timely financial reports, including Profit and Loss (P&L) statements, balance sheets, cash flow reports, and variance analysis.
* Monitor hotel financial performance and provide actionable insights to management.
* Lead month-end and year-end closing processes.
* Budgeting & Forecasting:
* Lead annual budgeting process, working closely with department heads to set financial targets and align them with hotel's business goals.
* Regularly update forecasts based on operational changes and market trends.
* Conduct regular reviews of hotel's financial position and recommend adjustments to stay within budget.
* Internal Controls & Compliance:
* Ensure robust internal financial controls are in place to safeguard assets and prevent fraud.
* Maintain compliance with all statutory requirements, including local tax laws, VAT, and regulatory filings.
* Liaise with external auditors and manage year-end audit process.
* Cash Flow & Treasury Management:
* Oversee cash flow management to ensure hotel maintains sufficient liquidity.
* Optimize working capital by managing accounts payable and receivable.
* Manage banking relationships and negotiate favorable terms for hotel.
* Cost Control & Profitability:
* Identify and implement cost-saving opportunities without compromising service quality.
* Conduct cost variance analysis for various departments (F&B, housekeeping, maintenance) and recommend improvements.
* Oversee inventory control, purchasing procedures, and payroll processes to manage operational costs effectively.
* Team Leadership & Development:
* Lead and mentor finance team, ensuring all financial roles are executed efficiently.
* Conduct performance appraisals and foster professional development within finance team.
* Provide financial training to department heads to improve financial literacy across hotel.
* Strategic Planning:
* Participate in strategic planning sessions with hotel management to align financial goals with overall business objectives.
* Support new business opportunities (e.g., expansions, refurbishments, new services) with financial projections and feasibility studies.
* Collaboration with Other Departments:
* Work closely with GM and department heads (e.g., F&B, front office, housekeeping) to ensure financial performance is well-integrated with operational activities.
* Ensure that department managers are aware of and adhere to hotel's financial policies and procedures.
Leinster Appointments is committed to providing a professional service where all CVs are kept confidential and will not be submitted to any third parties without candidate's knowledge or consent.